Form 4: Phreesia Inc. Principal Accounting Officer Janet Gunzburg Sells Shares to Cover Tax Obligations

Janet Gunzburg, Principal Accounting Officer of Phreesia Inc., sold 114 shares of common stock on June 21, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On June 21, 2024, Janet Gunzburg, the Principal Accounting Officer of Phreesia Inc., sold 114 shares of the company's common stock.
• The sale was executed at a price of $20.2365 per share.
• This transaction was conducted to cover tax withholding obligations associated with the settlement of restricted stock units.
• Following the transaction, Gunzburg directly owns 34,820 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine financial activity and doesn't necessarily indicate a change in the executive's confidence in the company.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies like Veeva Systems, Cerner, and Allscripts, where stock-based compensation is a significant part of their overall remuneration.
• These companies often have similar policies in place to manage tax obligations related to equity awards.

Stakeholder Impact

• The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.

Key Dates